RECENT ASSIGNMENT

64 PREPARE FINANCIAL REPORTS FOR A REPORTING ENTITY
13. Prepare entries in general journal form to record the following unrelated transactions.
(a) Binchy Ltd issued a prospectus inviting applications for 280,000 $100 6% debentures, payable in full on application. The issue was subscribed for in full by the closing date of 30 September.
(b) Interest payments on the following debentures. 150,000 $100 4.5% debentures with interest paid semi-annually on 1 March and 1 September.
(C) Burkley Ltd redeemed $7,500,000 worth of5.8% debentures on their maturity date of 30 June.
(d) Saaz Ltd issued 225,000 $100 8% Debentures on 1 January. Maturity date is 31 December. On 15 May the company purchased on the ASX 45,000 of the debentures at a price of$ 106.
(e) Hersbrucker Ltd issued 150,000 $100 6.5% Debentures on I April 2010 with interest payable semi-annually. On I December 2010, the company purchased on the ASX 55,000 ofthe debentures, at a price of$97. Record all transactions including the interest payments on 30 September 2010 and 31 March 2011.